The report on Hydropnics Market sheds light on the important developments impacting and increasing the growth of the Hydropnics market including its restraints, drivers and prospects. The Hydropnics market report proposes complete synopsis of the market, covering several characteristics such as product definition, market breakdown based on several constraints, supply chain analysis, and the fundamental Key Players outlook.
The report on Hydropnics Market will help Major Players and the new entrants to understand and scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.
The global Hydroponics market has been estimated to cross USD 21203.5 million in 2016. The market is expected to register a CAGR of 6.5% during the forecast period, 2018 to 2023. Europe is traditionally the largest market that is implementing advanced techniques in hydroponics. Asia-Pacific forms the second largest market for hydroponics, which is then expected to grow at a steady pace during the forecast period.
Growing Emphasis on food security drives the market
Global population is increasing exponentially, and every day nearly 200,000 people are adding up to the world food demand. . Farmland per capita in 2030 will decrease to 1800mÂ², from the 2,200mÂ² in 2005. Adding to this, crop pests are causing 10-16% of global crop losses annually, making the situation worse. To attain self-sufficiency in food, hydroponics provide an effective solution as the technology uses the space efficiently.
Hydroponic industry is the documented higher yield in comparison to traditional agricultural techniques. Along with profit farming, growing consumption of exotic, salad crops and increasing need for global food security will drive the market upwards.
Europe dominates the market share
Europe is traditionally the largest market that is implementing advanced techniques in hydroponics smart greenhouse horticulture. The matured European market demand is led by countries, such as the Netherlands, Spain and France, Holland is the largest producer of hydroponic crops and is expected to maintain the lead for the next 10 years. All the main vegetable and fruit crops are grown in European countries
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Hydropnics market report provides the comprehensive analysis of the market, based on leading players of present, past of Hydropnics Industry and resourceful data that will act as a supportive guide for leading players.
Major Key Players of Hydropnics Market Report: HortiMaXBright Farms, Circle Fresh Farms, Argus Controls, FormFlex, HortiMaX, KUBO Greenhouse Projects, Heliospectra AB, Hydrofarm, Inc., Greentech Agro, Llc, Hydrodynamics International, Inc., American Hydroponics, Inc., Lumigrow, Inc, General Hydroponics, Inc., Koninklijke Philips NV, Logiqs B.V., Thanet Earth, Pegasus agritech, Valoya, Village farms international, James foskett farms, Growlife, Terra Tech.
Key Issues Addressed in this Report:
- Competitive Landscape and Strategic Recommendations
- The market forecast and growth areas for Hydropnics Market
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Changing Market Trends and Emerging Opportunities
- Historical shipment and revenue
- Analysis key applications
- Main Players market share
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In a word, the Hydropnics Market report provides major statistics on the state of the Hydropnics industry and is a valuable source of guidance and direction for companies and individuals interested in the market.